Scotland's economy is "stuck in a low growth cycle", according to the latest Scottish Chambers of Commerce Economic Indicator.
Fraser Of Allander Institute
Scotland’s renewable energy industry and its supply chain supported more than 42,000 jobs and generated over £10.1 billion of output in 2021, new figures released today show.
The Scottish Government has been faced with a £1.5 billion shortfall in funding for next year due to increased spending pressures and new announcements, according to the Fraser of Allander Institute at the University of Strathclyde. This represents one of the most challenging fiscal backdrops
Nearly half of firms in Scotland have either postponed or abandoned their investment plans in the last year, the latest Addleshaw Goddard Scottish Business Monitor (SBM) reveals. This trend accompanies a general downturn in business activities, as more companies report a decline rather than an incre
Subdued growth prospects for the Scottish economy have been highlighted, with predicted growth rates of 0.2% in 2023, 0.7% in 2024, and 1.2% in 2025, according to the University of Strathclyde's Fraser of Allander Institute. Notably, the 2023 forecast is a downward revision from June's figures,
New research shows the Scottish economy will be £52 billion better off cumulatively over the 40-year working life of college graduates.
Recent labour market statistics from the Office for National Statistics (ONS) have revealed a mixed picture for Scotland's workforce. For the period between May to July 2023, the employment rate in Scotland increased by 0.5 percentage points to 75.1%, while the unemployment rate rose to 4.3%, up by
Most Scottish businesses believe the Scottish Government is out of touch with the business community, according to the latest Fraser of Allander Institute Scottish Business Monitor (SBM) report. Just 9% of firms agree that the Scottish Government understands the business environment in Scotland, com
The Scottish economy has shown surprising resilience in 2023, outperforming expectations by avoiding a predicted shallow recession, according to a quarterly economic commentary published by the University of Strathclyde's Fraser of Allander Institute. Supported by Deloitte, the report provides an in
A comprehensive report has been issued by International Scotland, a consortium led by law firm CMS and the Fraser of Allander Institute, urging the Scottish Government to take immediate action to stimulate economic growth. The report outlines several key business sectors including sustainable touris
Scottish business sentiment has reached its highest level since 2021, according to the latest Addleshaw Goddard Scottish Business Monitor report. Despite the majority of firms expecting weak growth, nearly all sectors reported an improvement in business volume in the most recent quarter. With energy
Fraser of Allander Institute has forecast a -0.7% contraction in the Scottish economy in 2023, returning to 0.9% annual growth in 2024. Uncertainties have increased due to concerns in global financial system and persistently high inflation. Lack of clarity on annual impacts on Scottish Budget and UK
New data has shown Scotland is making some progress, but still falling short on leading indicators of productivity. Looking at key productivity indicators including business investment, job vacancies and sick leave, the fourth annual edition of the CBI-KPMG Scottish Productivity Index meas
Business investment in Scotland has lagged for the majority of the past decade and could have detrimental impact on productivity and longer-term economic growth, a new report has warned. Launched in 1998 and now in its 25th year, the Scottish Business Monitor is compiled by the Fraser of A
Scotland’s economy will contract throughout most of 2023, researchers at the Fraser of Allander Institute have revealed. In the Deloitte-sponsored economic commentary published today, the Strathclyde researchers have set out their new forecasts for the Scottish Economy.